Currency markets lacked any clear direction in European trading hours Wednesday as traders and investors refrained from piling on big bets ahead of the Federal Reserve's policy meeting later in the day, although some of Europe's smaller currencies were ...

Valeant Pharmaceuticals International Inc. said it raised about $2 billion in an offering of common shares priced at $85 a share. The drug maker will use the proceeds to help fund its planned $8.7 billion acquisition of global eye-care company Bausch & Lomb ...

Statoil says it has discovered light, high-quality oil in the Flemish Pass basin 500 kilometres northeast of St. John's, raising hopes for an as-yet-untapped part of the Newfoundland offshore.

Verizon Communications Inc. confirmed on Tuesday that it is considering an entry into Canada's $19-billion wireless market in the wake of a report earlier this week by The Globe and Mail.

The following is the text of Canada's wholesale trade report for April from Statistics Canada. Wholesale sales rose 0.2% in April to $49.0 billion, mainly as a result of higher sales in the computer and communications equipment and supplies industry.